The Sensex and Nifty remained above their key levels of 36,000 and 10,900 throughout the session, indicating strong investor optimism after a prolonged spell of caution.
The dollar is king in an intermediate correction, says Sonali Ranade
Construction major L&T was the biggest gainer among the Sensex components, spurting 2.30 per cent, after the company said its board has approved a Rs 9,000-crore share buyback plan.
A declining rupee, elevated crude oil prices and sustained foreign fund outflows added to the gloom
Broader market outperformed the frontline indices and also hit their respective all-time highs
Investors have kept their eyes on US-China trade talks and are optimistic about a positive outcome.
Investor sentiments remained upbeat tracking global developments as the US, China geared up for trade talks due this week.
The 30-share Sensex ended down 159 points at 27,425 and the 50-share Nifty closed down 24 points at 8,299.
Financials emerged as the top gainers while auto shares rallied on robust September sales
Tata Steel was the day's worst performer in the Sensex pack, plunging 3.25 per cent, followed by Bharti Airtel at 3.05 per cent.
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
TCS, Bajaj Auto, Adani Ports and Cipla were the top gainers on BSE Sensex while Coal India, GAIL, Dr Reddy's and Infosys lost the most on the index.
A recovery in rupee, buying by domestic institutional investors, encouraging earnings by select blue-chips and stock specific buying helped the market get back on its feet
Maruti Suzuki, Asian Paints, L&T, ONGC and Infosys have gained between 1%-1.5%.
Strong gains in Vedanta Ltd, Adani Ports, Bharti Airtel and Maruti Suzuki helped the index touch record levels.
Axis Bank emerged as the biggest gainer in the Sensex pack, surging 6.62 per cent, followed by SBI at 5.88 per cent.
Oil tanked to a 7-year low as OPEC decided to maintain production.
The broader NSE Nifty gained 22 points to 10,480.60
Shares of rate sensitive sectors such as realty, infrastructure, banking and automobiles ended higher ahead of the Reserve Bank of India (RBI) mid-quarter policy review on June 17.
'The market position from here on is expected to go up'.
For the seven months since February 2014, the benchmark index surged nearly 27%.
Firms hired additional hands to keep up with the production demand
Broader market outperformed the benchmark indices with S&P BSE Midcap gaining over 1%
BSE Mid-cap index ended at a record closing high of 10499.86 and CNX Mid-cap index ended at a record closing high of 12672.85 levels.
The broader NSE Nifty too fell below the 10,100 level by dropping 100.10 points to end at 10,094.25
Sun Pharma dipped 2% to Rs 615 on the BSE, its lowest level since November 9, 2016
The NSE Nifty, comprising 50 shares, breached the 8,300-mark for the first time to hit a new lifetime high of 8,330.75.
Banking stocks felt the heat due to worries that the lending rate cuts will hit their bottom line
The S&P BSE Midcap and the S&P BSE Smallcap indices under-performed to lose 0.8% and 1.6%
Most Asian stock markets steadied on Wednesday.
The broader Nifty too fell for the second straight session and closed with a loss of over 62 points, or 0.54 per cent, at 11,520.30, after hovering between 11,496.85 and 11,602.55.
Extending losses for 7th session, Nifty fell below the 8,000 mark for the first time since Nov 25
Asian Paints was the top gainer after the paints major posted robust first quarter earnings.
Among the gainers, Sun Pharma topped by rising 3.03 per cent as the weak rupee tempted buyers to accumulate shares of pharma exporters.
Markets across the globe are rallying on hopes that the US Federal Reserve won't lift interest rates until 2016.
The S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.3% and 0.5%, respectively
S&P BSE Midcap and the S&P BSE Smallcap indices gained 2% and 1.6% respectively
n the broader market, both the BSE Midcap and Smallcap indices, were up 1.2% and 0.7% each.
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
Investors are keenly awaiting the announcement of the macroeconomic data-IIP and CPI due on Tuesday.
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